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Jan 15, 2013
01/13
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you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time in ten months. do you care? is that significant? it's 1682 against 1680, t
you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at,...
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Jan 15, 2013
01/13
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two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge will tell us about it. and lance armstrong finally admitting to doping, now he's come clean, is there any way his image can be rehabilitated. i say no way. and thanks to obamacare, the cost of your health insurance could go up as much as 50%. find out why you will be paying a whole lot more t all right, seven earlies, here we go on a tuesday morning. the circuit manufacturer, multi-fine line, less money coming in, the stock is down. retailer, goredman's never heard of them, but gordman's lowered its outlook. and radioshack ended its unprofitable
two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge...
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Jan 15, 2013
01/13
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economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal way. >> wants to build cars, not make policy. there you go. it's a good one. i owned ford explorers for 20 straight years. this is a real competitor to that vehicle. dennis: jeff flock, good job. thanks, den. cheryl: time for the west coast minute, a double digit return for the public employees pension system. it had a 2% return back in 2012. the nation's largest pension has investments worth $252 billion, almost back to its peak level of 2007 when the fund held $260 billion in assets. the fund's performance was just below its
economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal...
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Jan 17, 2013
01/13
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as europe economy improves and chinese economy improves the countries in northern europe improve as well. lori: i know you like the homebuilders as well. i imagine this is becoming a crowding trade. we're characterizing the home building and home industry in country improving slow but steady. >> i would suggest it is not a crowded trade for the very reason inventory of unsold homes increased by 33%. just close to five months. there is more room for the real estate recovery to improve. both domestically and internationally. consider home builders. consider reits. consider international reits. lori: kevin, thanks for joining us again. great to see you. >> my pleasure. melissa: oil stocks remain calm as the situation at the algerian plant heats up. we have the latest developments. lou dobbs is here to weigh in. lori: talking with kevin about this a few moments ago. look at pump in interest rates. 10-year yielding six basis points. equities and stock markets are on a tear. we're back after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split
as europe economy improves and chinese economy improves the countries in northern europe improve as well. lori: i know you like the homebuilders as well. i imagine this is becoming a crowding trade. we're characterizing the home building and home industry in country improving slow but steady. >> i would suggest it is not a crowded trade for the very reason inventory of unsold homes increased by 33%. just close to five months. there is more room for the real estate recovery to improve....
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Jan 15, 2013
01/13
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economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this meeting. we will have rob enderle on at the end to talk about it. shibani: i am following a couple of live logs on the event. the three pillars of facebook. when he unveiled today is his 23 pillar which is being called graph search. it is a graphical search. it is not a web search. that is one of the reasons we are seeing a selloff of facebook shares. again, what the company has unveiled at this moment is a surge in addition facebook. we will bring you more headlines as they come out. melissa: it is inte
economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this...
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Jan 14, 2013
01/13
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yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than the index. they do better in the up markets. >> no question about it. and if you looked at the '08 to first quarter of '09 period, many people left them, haven't come back. god forbid we have another experience like that. then you'll see the index funds have a hard time recapturing the momentum. >> you see a blend of active and passive? >> i think
yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk....
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Jan 14, 2013
01/13
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economy questioned, that kind of drop in confidence has the potential to create the next financial collapse. of course, so does unchecked runaway spending. so, it seems clear, neither is a good option. it's hope washington realizes this. quick check on the markets and it was a mixed day. the dow jones up 18 points. nasdaq down 8. s&p 500 down 1.37 points. the real stock of the day was dell. it is higher today on reports that it is in talks over a possible buyout by private equity firms. take a look. the stock rallied almost 13%. that will do it for us. thank you for being with us. hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square. i'm melissa lee. sour apples. shares of the iphone maker slide. is apple turning into forbidden fruit? the mystery event. what facebook could be unveiling in less than 24 hours. we're in countdown mode with one of its biggest investors. and the great rotation into stocks heating up. we get the likely impact. first, our top story. apple shares
economy questioned, that kind of drop in confidence has the potential to create the next financial collapse. of course, so does unchecked runaway spending. so, it seems clear, neither is a good option. it's hope washington realizes this. quick check on the markets and it was a mixed day. the dow jones up 18 points. nasdaq down 8. s&p 500 down 1.37 points. the real stock of the day was dell. it is higher today on reports that it is in talks over a possible buyout by private equity firms....
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Jan 17, 2013
01/13
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because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i probably learned before you did. talk to me about the treasury rates, real quick. when will this come home for us as a nation because, again, congress and our lawmakers are getting a free pass and not doing anything about our long-term financial situation because we can still borrow at such low rates? >> it is because the federal reserve is in their buying bonds. this is an artificial development right now. something that is artificial, it comes home to haunt them eventually. the problem, i am sure -- the problem, dagen, there may be more turmoil coming in the currency markets. you see what is happening with the again right now. it is the wrong thing to do, but they will do it anyway. dagen: you like agricultural commodities, obviously, you are buying farmland in iowa. what about other commodities at this point? gold has been very volatile. >> i am not buying farmland here, i am here because of farmland
because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i probably learned before you did. talk to me about the treasury rates, real quick. when will this come home for us as a nation because, again, congress and our lawmakers are getting a free pass and not doing anything about our long-term financial situation because we can still borrow at such low rates? >> it...
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Jan 15, 2013
01/13
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chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you mean by that, later on in the year? what's going to be the upset later on in the year? >> there's a lot more issues coming out in terms of europe later in the year. right now it's all about -- it's all about expectations of positive growth that we have in the u.s., but, you know, we still have issues, and investors have got to focus on -- we've got an incredible spending problem. there's still problems in europe so we don't really believe that this year is going to be like last year, but we do expect small positive returns though. >> rick santelli, i wa
chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you...
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economy well gerry warner makes an excellent point now and economy has two components in its export market they've got the exploitation of services or they've got the exploitation of goods manufactured goods in britain has not exported had a net balance of exportation of manufactured goods since the nineteen eighties the entire economy sense that your has been built on basically services and what are these services they are financial services. i want to power pursue with a thirty year bond market bull bull bond market where interest rates were falling now we're at a juncture in time where britain has got its manufacturing capacity they're left with financial services as really the only engine of growth during a period of bond collapse and interest rates rise that's why i'm shorting the british pound that's why jim rickards the famous guru who wrote currency war has come out and said the british pound is toast jeremy warner who's a cheerleader for the government over there at the telegraph is pointing out even that the pound is toast a payload in the yen are toast additionally not only are
economy well gerry warner makes an excellent point now and economy has two components in its export market they've got the exploitation of services or they've got the exploitation of goods manufactured goods in britain has not exported had a net balance of exportation of manufactured goods since the nineteen eighties the entire economy sense that your has been built on basically services and what are these services they are financial services. i want to power pursue with a thirty year bond...
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Jan 21, 2013
01/13
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, global economy starts to reaccelerate. keep in mind, in the united states the federal reserve's balance sheet has gone from 3 trillion to 4 trillion. there's roughly about 50 trillion dollars of global debt that's u.s. based. okay? what i mean by u.s. based, i mean dollar backed. so it's not as if we're moving the money supply up 20 or 30 percent. it's, though, something to keep an eye on. david: now, unemployment is 7.8%. precisely the level it was at four years ago. of course it's gone up and come down a bit. but are we looking for that to become the new normal? >> i don't believe in the new normal here. because if you have reacceleration of the u.s. economy over 3%, to 3 1/2%, then that whole term new normal -- david: we are nowhere near that. the difference between 2 percent and 3 percent is enormous in terms of what it means for the economy. >> it is. we are anticipating in the later half of 2013 you could start to see 2 1/2, 3 percent perhaps. and in 2014 -- david: when you think of all we've lost and how much we're
, global economy starts to reaccelerate. keep in mind, in the united states the federal reserve's balance sheet has gone from 3 trillion to 4 trillion. there's roughly about 50 trillion dollars of global debt that's u.s. based. okay? what i mean by u.s. based, i mean dollar backed. so it's not as if we're moving the money supply up 20 or 30 percent. it's, though, something to keep an eye on. david: now, unemployment is 7.8%. precisely the level it was at four years ago. of course it's gone up...
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Jan 15, 2013
01/13
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economy is being under valued. $1.4 trillion is the run-up and i expect the u.s. to outperform again. >> joey? >> i think the u.s. continues to do well and the ultimate indicator is where volatility is. it's incredibly cheap and remains -- insurance can be provided to protect your portfolio. i don't think that the ultimate concerns that the people have. >> we've got news on germany and the german economy, gdp is contracting. it was down half of a percent. in 011 it was up 3% n 2012 it was up .7%. they are the engine for growth there. i'm not sure it's going to work out for you in the first half of the year. for europe, i don't think it's undervalued. it's had a great run into the u.s. >> two major banks report earnings tomorrow. much of the conversation that we're having today certainly directed to what is going on with the banks and what it could mean for the markets. jpmorgan, goldman, ahead of the market tomorrow. joe t., you take yours? >> my position has been goldman sachs, be morgan stanley. it's been that way for a long time. i like the marketplace here. i
economy is being under valued. $1.4 trillion is the run-up and i expect the u.s. to outperform again. >> joey? >> i think the u.s. continues to do well and the ultimate indicator is where volatility is. it's incredibly cheap and remains -- insurance can be provided to protect your portfolio. i don't think that the ultimate concerns that the people have. >> we've got news on germany and the german economy, gdp is contracting. it was down half of a percent. in 011 it was up 3% n...
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Jan 14, 2013
01/13
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economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be in there. global bonds is a win-win-win. you get paid on yield. you get paid on -- for diversification. you get paid on currency risk. so that's a good place to be. and i'm not saying we're in armageddon on the equities side i do like mid caps, but what i think you need to be is make sure just trim back a little bit on equities, and i don't think it's the end of the world. but good economy part is the consumer. we like the consumer because the fed with the quantitative easing is bolstering the consumer through housing, and that's why i think for the consumers, for main street, it's going to feel good
economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be...
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Jan 16, 2013
01/13
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economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower in after-hours trading. paypal was obviously very strong. i do want to point out that the stock has been rallying in anticipation of these numbers coming out point out. first couple weeks of the year, the stock is up 5%. there has been a lot of optimism and a lot of buying into this report. maybe a bit of selling on the news here. liz: sandra, shibani, thank you very much. we're watching ebay as well as gun control as the story develops. peter barnes is very latest on the president's announcement and comments on the issue. we'll
economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower...
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Jan 16, 2013
01/13
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the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be manufactured in utah and florida. swisse vitamins is positioning itself as a premium product and intends to price its products 5-10% above competitors such as pfizer and bayer. the nation's largest retailer is reaching out to men and women in the service. wal-mart is offering a job to every veteran who honorably left the military in the past year. the program will continue for 5 years and is expected to provide work for more than 100,000 veterans. additionally, the retailer is committing to buying an additional $50 billion of u.s.- made products in the next 10 years. the government of japan joins the u.s. governme
the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be...
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the this is massively affect our relationships our trade relationships certainly have a hit on the economy as a result of that what do you say to those concerns a classic scare tactics always employed by the status quo whether they're defending slavery for the called laws or e.u. membership you know transparently body with a whole series of shocks you know three million british jobs would be lost if we left the european union really really we import massively more from the e.u. than we sell to them would mislead is stop selling cars. we have the e.u. well i think we all know the answer and you think the person should be looking to trade outside the well you know what i'm saying is this that europe is aging europe as a percentage of the world economy is now below a fifth form in quite sharply it is gripped by eurozone crisis which is likely because of their fanaticism to keep it together to last for up to a decade and yeah ok europe is thirty percent of our overseas exports and it's an important market place but the rest of the world is more important to us and we're impotent because we're
the this is massively affect our relationships our trade relationships certainly have a hit on the economy as a result of that what do you say to those concerns a classic scare tactics always employed by the status quo whether they're defending slavery for the called laws or e.u. membership you know transparently body with a whole series of shocks you know three million british jobs would be lost if we left the european union really really we import massively more from the e.u. than we sell to...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a...
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Jan 13, 2013
01/13
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MSNBCW
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small businesses are revitalizing the economy, and american express open is here to help. that's why we are proud to present "your business" on msnbc. hi there, everyone. i'm j.j. ramberg, and welcome to "your business," the show dedicated to giving you tips and advice to help your small business grow. for small businesses, the uncertainty of last year has carried over into 2013. the good news. the national federation of independent business optimism index was up slightly in december. the bad news. the index is still at recession levels. the index for this month is expected to be impacted by the fiscal cliff tax deal passed by congress. that deal negotiated between vice president joe biden and senate republicans ends the payroll tax holiday, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the
small businesses are revitalizing the economy, and american express open is here to help. that's why we are proud to present "your business" on msnbc. hi there, everyone. i'm j.j. ramberg, and welcome to "your business," the show dedicated to giving you tips and advice to help your small business grow. for small businesses, the uncertainty of last year has carried over into 2013. the good news. the national federation of independent business optimism index was up slightly in...
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Jan 21, 2013
01/13
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FBC
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no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa: was there mom on morning television? who will she reform. the camera on her during the game. dad. both football players before the begin coaches. we have been down this road before. i'm getting excited about this. the buccaneers fan by marriage can be very tough. all right. coming up tonight, the jobs council has not had an official meeting in one year. set to retire at the end of the month. our power panel will discuss. tonight at 5:00 p.m. eastern right here on fox business. don't miss it. melissa: there are several ahead in our programming. live programming
no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa:...
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Jan 18, 2013
01/13
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FBC
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we will continue the discussion and find out what has happened and why taking a look now at the economy, its effect on the market today, good news, jobless claims dropping sharply last week, down to the lowest levels, in fact, since january of 2008. the housing sector showing its best performance in four year last month. housing for all of last year rising 28 percent, increases seen across the entire country. the good news includes permits for new start-ups. up 30% last year. the good newsdriving the snb to its best finish since late 2007 with stock prices closed higher for a third straight day. the dow up 85 points, s&p up eight to monastic 18 and a half. a 5-year high. volume on the big board, volume picking up. to bank stocks hurting the dow performance. bank of america reporting disappointing earnings. profits last 63 percent by charges related to billions of dollars in settlements on bad mortgages. city profits down 3% taking a $2 billion charge for litigation costs. not all banks disappointed. pnc profits surging 47%. investors applauding pushing the stock up almost 4%. commoditie
we will continue the discussion and find out what has happened and why taking a look now at the economy, its effect on the market today, good news, jobless claims dropping sharply last week, down to the lowest levels, in fact, since january of 2008. the housing sector showing its best performance in four year last month. housing for all of last year rising 28 percent, increases seen across the entire country. the good news includes permits for new start-ups. up 30% last year. the good...
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Jan 15, 2013
01/13
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the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity, innovation, and activity. we have a lot of it going on right now. >> finally, brian, housing is turning into a pretty nice tail wind here. i wonder, though, you see the ten-year at 285. >> right. >> how much can the market withstand if the 30-year mortgage continues to tick up? >> when we go back to the early 1990s when housing was pretty strong, interest rates were a lot higher than they were today. i think the fed is artificially holding rates down. we could have the federal funds rate at 2, 2 1/2 without any harm to the economy. we could take the ten-year treasury up to 3,
the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity,...
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Jan 16, 2013
01/13
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the overall economy is now in focus. you and many other investors were bearish for most of 2012, now you're looking at consumer names like staples. where did staples come from in your mind? >> the data really supports, in my opinion, getting bullish now. i was bullish for most of 2012. i have been bullish for most of the time, but definitely second half of 2012 until the economic data, whether it was housing, whether it was consumption and even the labor market. i am not saying things are going gangbusters, but it is okay and makes us think what would happen if we didn't have to worry about all the drama in washington, d.c.? after marching something will be resolved one way or another, and we will be out of drama for a little while. i want to see how the economy picks up then. you asked about staples. cheryl: down 17%. and you are buying it? >> yes. it has been beaten down for number of valid reasons. a labor market that was punkish for a while. the lows in europe. this is 3.7% dividend yield, buying back shares, we like
the overall economy is now in focus. you and many other investors were bearish for most of 2012, now you're looking at consumer names like staples. where did staples come from in your mind? >> the data really supports, in my opinion, getting bullish now. i was bullish for most of 2012. i have been bullish for most of the time, but definitely second half of 2012 until the economic data, whether it was housing, whether it was consumption and even the labor market. i am not saying things are...
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Jan 16, 2013
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the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just -- there's housing, sales of pickups. sales of cars in europe for 2012, not so good. we'll talk about that. >> germany, the bmw sales, volkswagen sales. one of my cousins in mexico is near a bmw, new plant. the germans are down. they're buying like crazy. germany business, good. rest of the continent okay. ford cutting back very dramatically. >> boeing, more problems related to the dreamliner. japanese grounded their 787 for safety checks. the national transportation safety board, faa are going to japan to assess that incident. when the first problems arose last week, week
the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just --...
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Jan 15, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ >>> welcome back to "power lunch." just when you thought he wouldn't channel his inner steve jobs, he has. he's come back to the stage to say one more thing. facebook has a partnership with microsoft's bing. how interesting is that? we'll see what they're doing here. if nothing fits the querrey from the graph search, you can go to the web do a web search on bing, and that is microsoft's key their there. those shares are likely to beive between now and the next couple of hours. even in the afte
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes,...
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Jan 14, 2013
01/13
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. the last time republicans in congress even flirted with this idea our aaa credit
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans...
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Jan 16, 2013
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online...
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Jan 16, 2013
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> tonight on "spark" -- we meet artists who fuse genres, cultures and modes of expression in ways that are surprising and provocative. in our first story, we'll check out the growing phenomenon of muslim hip-hop. >> home of the brave, land of the free, now this i still got to see. it's not what mainstream muslims really talk about. >> they're realizing that their kids are being influenced by rap music more than anything else, including them. >>> then -- we'll visit the west marin studio o
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you...
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Jan 16, 2013
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you...
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Jan 19, 2013
01/13
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then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell products and foster those independent designers. >> i think we're opening up gateways in the industry for other people that otherwise wouldn't have a chance to make a name for themselves. you know you see the same dress on four different websites for four different prices from the same label and you're left kind of wondering isn't their more out there. >> reporter: ilwyw.com may not help cure for cancer, but it might create jobs. and, it's part of a push by new york city's borough president scott stringer to make the big apple a destination for start- ups. what he calls the innovation economy. >> how we ta
then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell...
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Jan 15, 2013
01/13
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economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me
economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion...
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Jan 14, 2013
01/13
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is this going to impact the broad economy in the earning season, do you think? >> i guess this whole political thing is these are all the bricks in the wall of worry that equity markets are continuing to climb. you know, we know how to talk about these things, they're out there, in the media a lot. we follow them sometimes like a sport. maybe we exaggerate a little bit how much these political match nations, i don't want to minimize them but i think sometimes we miss the point that there are really good companies out there who figured out how to make really good money with all of this political noise going on. >> and yet, greg, so many potholes ahead. you know we're going to see a lot of back and forth over raising the debt ceiling, sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling and get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the
is this going to impact the broad economy in the earning season, do you think? >> i guess this whole political thing is these are all the bricks in the wall of worry that equity markets are continuing to climb. you know, we know how to talk about these things, they're out there, in the media a lot. we follow them sometimes like a sport. maybe we exaggerate a little bit how much these political match nations, i don't want to minimize them but i think sometimes we miss the point that there...
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Jan 15, 2013
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the rest of the world is counting on our economy right now to keep growing so the world economy can keep growing. when newt gingrich says this is a bad idea to use -- hold the country hostage to the debt ceiling, when newt gingrich looks like a moderate and a statesman, i think the republicans ought to rethink their strategy. >> ruth, how badly would this damage the economic recovery? i think it would totally wipe it out. it would probably bring from what i could see unemployment to levels that we haven't seen even back when we had the economic problems in the start of 2009. it would be worse than that. what do you think? >> it would be a complete disaster. and both sides have acknowledged that, that i think the president put it really well today when he said that the republicans are essentially saying if we don't get 100% of what we want, we're going to blow up the economy. and nobody doubts that it would blow up the economy. but also what they're pushing for is deep cuts that will hurt that very same list of people you started the segment with. they want cuts to social security, to med
the rest of the world is counting on our economy right now to keep growing so the world economy can keep growing. when newt gingrich says this is a bad idea to use -- hold the country hostage to the debt ceiling, when newt gingrich looks like a moderate and a statesman, i think the republicans ought to rethink their strategy. >> ruth, how badly would this damage the economic recovery? i think it would totally wipe it out. it would probably bring from what i could see unemployment to...
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Jan 15, 2013
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a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. why are these the themes for you? >> well, look, for china i think we identified late last fall that the u.s. companies with china exposure had really lagged the broader market and had gotten quite cheap. and the china economy started to stabili
a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that...
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economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big
economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below...
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you're i mean look at the the situation in europe of the facts i mean russia at the moment although the economy has slowed considerably from about four percent starting to see it's about two points if you sell your external reasons or is it domestically more both but i think the more the problems in europe than anything else of trade for russia it is still growing the fastest growing country in europe and will continue to be this year and depending on what happens in the second half of the year particularly it should pick up and you know it will do better than everyone else but will still perform below its potential to russia story jake are you a big surprise to the economist when it comes to russia and no i think there is a there is a sort of deep rooted skepticism about russia among many commentators and i think it's not helps perhaps by some of the decisions that have been taken recently for instance about the the orphan adoption law but fundamentally you know i think russia is in a very strong position at the moment i think it ran a fiscal surplus last year had a current account surplus of
you're i mean look at the the situation in europe of the facts i mean russia at the moment although the economy has slowed considerably from about four percent starting to see it's about two points if you sell your external reasons or is it domestically more both but i think the more the problems in europe than anything else of trade for russia it is still growing the fastest growing country in europe and will continue to be this year and depending on what happens in the second half of the year...
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Jan 15, 2013
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. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost trea
. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect...
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hello and welcome to cross talk russia's economy in two thousand and thirteen what are its strengths weaknesses opportunities and threats is the russian economy becoming more or less competitive is the pace of reform on track and is russia prepared to withstand external shocks. to cross out the prospects of the russian economy in two thousand and thirteen i'm joined by my guest in moscow jake up know he's the chief economist at morgan stanley an heiress he's the editor in chief of business new europe and you just laugh lisa volek he is the chief economist at deutsche bank russia all right gentlemen crosstalk rules and i mean you can jump in anytime you want before we talk about the swan analysis of the russian economy ben i want to go to you newsweek a few days ago a writer on matthews and we have ed lucas over at the economist they keep telling me for about a decade now that this economy is about to collapse now you're a journalist is well you don't say the same thing where's the disconnect. people tend to focus on the negative part of the story and the trouble at the russia story i
hello and welcome to cross talk russia's economy in two thousand and thirteen what are its strengths weaknesses opportunities and threats is the russian economy becoming more or less competitive is the pace of reform on track and is russia prepared to withstand external shocks. to cross out the prospects of the russian economy in two thousand and thirteen i'm joined by my guest in moscow jake up know he's the chief economist at morgan stanley an heiress he's the editor in chief of business new...
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Jan 14, 2013
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economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of 2013. but in the middle of 2013, we'll know what all of the rules are. and i think the capital spending orders are going to come back and reinforce the housing improvement that you described as well as a pretty good auto market. >> we are talking all day today because everybody got their paycheck and it is definitely smaller. it's always smaller t beginning of the year. but is there any way that there is a headwind from people just not having as much money? >> yes, there's a headwind for the economy and we
economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of...
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Jan 16, 2013
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he can work on the economy and do something about gun violence. i don't think americans wanted to sit by. they want background checks. they want their children to be safe and keep their gun rights, too. all of that can be done with commonsense proposals, making sure people have their guns registered one way or the other. a lot of republican s and conservative democrats are standing in front of that because they want to make money with the gun industry instead of caring what the american people want. >> thank you so much for the interesting conversation. >>> is walmart's $50 billion pledge to build american-made products just bait and switch? some say it's a ploy to make you forget that the giant retailer also sells assault rifles. . uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of a day's fiber. fiber one. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength
he can work on the economy and do something about gun violence. i don't think americans wanted to sit by. they want background checks. they want their children to be safe and keep their gun rights, too. all of that can be done with commonsense proposals, making sure people have their guns registered one way or the other. a lot of republican s and conservative democrats are standing in front of that because they want to make money with the gun industry instead of caring what the american people...